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Cencosud has reported supermarket revenue of CLP1,670.3 tr (US$2.1 bn) in Q3. In local currency this represents a 0.6% increase. The slight growth was driven by revenues in Argentina, Chile and Colombia, but partially offset by Brazil and Peru. In constant currency, revenues increased by 6.9%. This reflects the depreciation of the Argentine peso and Colombian peso against the Chilean peso.

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In the first nine months of 2019 DIA closed 757 underperforming stores across the group. Most of these closures were in Brazil (313) and Spain (374). In Brazil closures consisted of 44 DIA owned stores and 269 franchised sites. In 2019 DIA has embarked on a large-scale de-franchising process to improve the quality of its franchisee network. At the start of the year franchises accounted for 5...
Spain-based discounter Grupo DIA has announced its Q3 2019 results. The results show negative sales and reported an operating loss of €356m and a net loss of €504m. Sales performance DIA announced its Q3 sales results saying overall sales declined by 7.4% to €5.1 bn and like-for-like (LFL) sales decreased by 8.1%. The group highlights the sales in Spain declined by 7.8% to €3 bn and LFL ...
Many shoppers in Brazil have migrated their weekly/bi-weekly food shops from hypermarkets and supermarkets to atacarejo (cash and carry). This has affected the way that customers shop in other formats, with many now using supermarkets for top-up and replenishment shops. This article focuses on how Carrefour is evolving its supermarket strategy to stay relevant in the market and to complement...

Presentations

06/11/2019
We explore the key growth markets for the convenience channel in Latin America. This outlines the conditions shaping its growth in these markets. We also deep-dive into five key themes that will influence future development in the channel.
20/09/2019
Our selection of these stores globally show how and where retailers have pushed boundaries to create innovative, original formats. They’ve put shoppers first, using insight and new thinking to develop unique offers.
09/08/2019
We look at how Carrefour plans to evolve globally over the next five years as it embeds its 2022 Transformation plan globally. The retailer's continual evolution, especially with cash & carry stores, small formats and online, will help it offset the challenges being seen at its hypermarkets.
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